scholarly journals VARIOUS SCHEMES GIVEN BY THE REORGANIZATION OF BIG ENERGY COMPANIES TO INCREASE THEIR EFFICIENCY

2016 ◽  
Author(s):  
Sorin-Iuliu Mangu
Keyword(s):  
Energy Companies

Energy After COVID

2020 ◽  
Vol 119 (820) ◽  
pp. 317-322
Author(s):  
Michael T. Klare
Keyword(s):  
Renewable Energy ◽  
Electric Vehicles ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
White Collar ◽  
Peak Oil ◽  
Business Travel ◽  
Reduce Energy Consumption ◽  
The Cost ◽  
Energy Companies

By transforming patterns of travel and work around the world, the COVID-19 pandemic is accelerating the transition to renewable energy and the decline of fossil fuels. Lockdowns brought car commuting and plane travel to a near halt, and the mass experiment in which white-collar employees have been working from home may permanently reduce energy consumption for business travel. Renewable energy and electric vehicles were already gaining market share before the pandemic. Under pressure from investors, major energy companies have started writing off fossil fuel reserves as stranded assets that are no longer worth the cost of extracting. These shifts may indicate that “peak oil demand” has arrived earlier than expected.

Performance analysis of Euro-zone energy companies

2012 ◽  
pp. 86-90
Author(s):  
Valdir de J. Lameira ◽  
Silvano Vergura ◽  
Osvaldo L. G. Quelhas ◽  
Roberto G. Pereira
Keyword(s):  
Performance Analysis ◽  
Euro Zone ◽  
Energy Companies

SYSTEM OF INDICATORS FOR MANAGEMENT OF PURCHASING ACTIVITY OF THE FUEL AND ENERGY COMPLEX ENTERPRISE

2020 ◽  
Vol 1 (10) ◽  
pp. 69-75
Author(s):  
I. V. BRATKO ◽  
Keyword(s):  
Corporate Governance ◽  
Performance Indicators ◽  
Key Performance Indicators ◽  
Energy Sector ◽  
Strategic Orientation ◽  
Energy Complex ◽  
Production And Consumption ◽  
Energy Companies ◽  
Fuel And Energy Sector

In modern realities, the number of fuel and energy companies managed on corporate principles is increasing every year. Accordingly, we are talking about the transition of state command management of the fuel and energy sector to private, competition-based and corporate governance. The study proposed a system of "balanced key performance indicators procurement", aimed at optimization of performance to meet the principles of the classic system of Kaplan-Norton and focused on the strategic orientation reflects the characteristics of the processes of production and consumption of services of energy companies. It is concluded that in a balanced system, it is necessary to distinguish between indicators that measure the results achieved and indicators that reflect the processes that contribute to the achievement of these results.

scholarly journals Regional Electricity Models for Community Energy in Germany: The Role of Governance Structures

2021 ◽  
Vol 13 (4) ◽  
pp. 2241
Author(s):  
Moritz Ehrtmann ◽  
Lars Holstenkamp ◽  
Timon Becker
Keyword(s):  
Renewable Energy ◽  
Business Models ◽  
Energy Transition ◽  
Governance Structures ◽  
Business Networks ◽  
Sustainable Innovation ◽  
Value Propositions ◽  
Energy Companies ◽  
Desk Research

Community energy actors play an important role in the energy transition, fostering the diffusion of sustainable innovation in the renewable energy market. Because market conditions for business models in the renewable energy sector are changing and feed-in-tariff (FiT) schemes expiring, community energy companies are in the process of innovating their business models. In recent years, several community energy companies in Germany have entered the electricity retail market selling locally generated electricity from their renewable energy installations to customers in their region. We explore the evolving regional electricity business models for community energy companies in Germany, related governance structures, and the role they play for a sustainable energy transition. In order to implement these complex business models, community energy companies cooperate with professional marketing partners (intermediaries), which are capable of taking over the tasks and obligations of electricity suppliers. Through a series of expert interviews and desk research, we identify three distinctive regional electricity business models and examine opportunities and challenges to their implementation. Results show that there are different forms of cooperation, leading to specific governance structures and creating a set of new value propositions. Through these forms of cooperation, business networks emerge, which can function as incubators for sustainable innovation and learning for the post-FiT era.

scholarly journals Differences in Disclosure of Integrated Reports at Energy and Non-Energy Companies

Energies ◽  
2021 ◽  
Vol 14 (5) ◽  
pp. 1253
Author(s):  
Maja Piesiewicz ◽  
Marlena Ciechan-Kujawa ◽  
Paweł Kufel
Keyword(s):  
Ownership Structure ◽  
Value Creation ◽  
Energy Sector ◽  
Financial Data ◽  
Integrated Reporting ◽  
Creation Process ◽  
And Performance ◽  
Energy Companies ◽  
The Impact ◽  
Value Creation Process

Integrated reports combine financial and non-financial data into a comprehensive report outlining the company’s value creation process. Our objective is to find the completeness of disclosures, which is a crucial aspect of an integrated report’s quality. This study contributes to the integrated reporting examination by identifying quantitative and qualitative gaps when applying Integrated Reporting standards, focusing on the energy sector. We conducted the study on 57 published integrated reports of listed companies in Poland. The content of each report was examined for 49 features divided into eight areas. We identify the strengths and weaknesses of current reporting performance and the impact of the company’s sector on reports’ quality. We noted that there are significant differences among the areas. The major problems concern implementing IIRC’s framework on the connections between the business model and the organization’s strategy, risks, opportunities, and performance. Our research also noted that the level of specific disclosures might be related to a company’s ownership structure. We investigated the significance of differences among companies from the energy and non-energy sectors using statistical methods. As a result of the study, we obtained that disclosures’ completeness depends on the operation sector. The companies in the energy sector publish higher-quality integrated reports than companies in the other sectors.

scholarly journals The Corporate Social Responsibility of Polish Energy Companies

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3815
Author(s):  
Magdalena M. Stuss ◽  
Zbigniew J. Makieła ◽  
Agnieszka Herdan ◽  
Gabriela Kuźniarska
Keyword(s):  
Corporate Social Responsibility ◽  
Literature Review ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Energy Sector ◽  
Study Approach ◽  
Csr Strategies ◽  
Warsaw Stock Exchange ◽  
Corporate Social ◽  
Energy Companies

If corporate social responsibility (CSR) is expected to work efficiently, there should be a standardised approach for implementation of the CSR concept for all businesses, including companies operating in the energy sector. Although many companies declare compliance with CSR standards, further investigation should be undertaken to evaluate if and how those standards have been applied in practice. The aim of this research is to examine the level of standardisation of the CSR activities within Polish energy companies and explore the good practices developed by those companies. The Polish energy companies have been selected for the investigation as the literature review we conducted demonstrates that there is limited research in this area and there is a knowledge gap regarding how Polish energy companies apply CSR regulation in practice. To accomplish the stated aims, the following research questions were developed: (1) What is the essence of applying the CSR concept in Polish energy companies, and at what level of development is the concept applied? (2) To what extent do Polish energy companies have a common approach to the CSR concept, and in what areas are there differences? (3) To what extent have Polish energy companies applied global CSR standards and solutions? (4) Is there a gap between the declared measures of CSR and their actual implementation in Polish energy companies? The research methodology of this study is based on a systematic literature review of the sources acquired from databases such as ProQuest, Emerald, SCOPUS and the Jagiellonian University Library. The multiple case study approach was identified as the most suitable research tool. Companies for the study were selected according to their affiliation to the energy sector and listing on the main market of the Warsaw Stock Exchange. These two assumptions allowed us to base this study on the largest Polish energy companies that have international status. Six areas of CSR annual report disclosures have been identified and used for the investigation and analysis. This research looks at similarities and difference between these six aspects of CSRs disclosed by Polish energy companies. The investigation allows us to conclude that the top three energy companies use similar tools to build their CSR strategies: formalised CSR concept, published CSR reports, disclosure of CSR information on the company website, CSR related activities offered to stakeholders, obtained CSR certificates, and CSR awards. This indicates the existence of a standardised approach to CSR across Polish energy companies.

scholarly journals Does CSR Affect the Profitability and Valuation of Energy Companies? An Example from Poland

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3668
Author(s):  
Mariusz Zieliński ◽  
Izabela Jonek-Kowalska
Keyword(s):  
Social Responsibility ◽  
Stock Exchange ◽  
Descriptive Statistics ◽  
Specific Situation ◽  
Socially Responsible ◽  
Warsaw Stock Exchange ◽  
Energy Companies ◽  
Profitability Ratios ◽  
Research Period ◽  
Financial Profitability

The article refers to the issues of financial profitability of undertaking CSR activities, which is widely reported in literature. The four largest electricity producing companies in Poland were selected for the analysis. The research period covers the years 2009–2019, when the index of socially responsible companies was operating on the Warsaw Stock Exchange. The main purpose of the article is to compare the profitability ratios and quotations of energy companies in Poland declaring themselves socially responsible with companies of the same sector that have not expressed such a declaration. The results obtained on the basis of descriptive statistics, concerning profitability ratios and stock market quotations, indicate no relationship between their level and stability and the companies’ declarations of compliance with social responsibility. Companies declaring themselves socially responsible were placed in the ranking between the results of companies that did not belong to the indicated index. This may be the result of the specific situation of energy companies in Poland.

scholarly journals Developments and Trends of Mergers and Acquisitions in the Energy Industry

Energies ◽  
2021 ◽  
Vol 14 (8) ◽  
pp. 2158
Author(s):  
Karolis Andriuškevičius ◽  
Dalia Štreimikienė
Keyword(s):  
Mergers And Acquisitions ◽  
Cost Reduction ◽  
Driving Forces ◽  
Energy Industry ◽  
Business Climate ◽  
Climate Conditions ◽  
Thomson Reuters ◽  
Green Development ◽  
Energy Companies ◽  
Political Economic

Developments, trends, business climate, conditions, factors influencing the efficiency and results of mergers and acquisitions (M&A) in the energy sector are explored in this research. PESTLE (political, economic, social, technological, legal, environmental) analysis was performed in order to determine the driving forces of M&As in the energy industry. Considering the motivation and main questions of the study, a sample of global M&A deals that have occurred during the period 1995–2020 has been analyzed. DataStream 5.1 database by Thomson Reuters was employed to identify the sample of global energy companies that took over another company in the period 1995–2020. According to the research, while the role and presence of M&As in the energy industry are increasing, the purpose of the M&A deals has changed remarkably. During 1995–2010, most M&A events were conducted in order to explore synergies and benefit from cost reduction. Since the last decade, firms are pursuing M&As in the search of growth opportunities, ensuring supply and reflecting demand for green development of ecological environment and ongoing changes in the nature of energy.

scholarly journals Erratic electric power challenges in Africa and the way forward via the adoption of human biogas resources

2021 ◽  
pp. 014459872110036
Author(s):  
Moses E Emetere ◽  
O Agubo ◽  
L Chikwendu
Keyword(s):  
Renewable Energy ◽  
Electric Power ◽  
Technological Innovations ◽  
Government Agencies ◽  
Electric Power Supply ◽  
Energy Devices ◽  
Gas Generators ◽  
Financial Base ◽  
Energy Companies ◽  
The Way

This paper examines a broad spectrum of challenges plaguing electric power supply in Africa. The challenges have lingered very long that policymakers, energy companies, and government agencies have shown docility in tackling the problem headlong. The increasing human population and technological innovations are evidence that the more the problem lingers, the more it becomes insurmountable. In this paper, it was proposed the lingering challenges can be solved using the standalone system of power generation. The renewable energy option and its adaptability were highlighted to guide standalone users on the way forward. The growing population in Africa can be advantageous in generating biogas from human feaces. It was discovered that renewable energy devices are quite expensive; hence, the biogas option for cooking and powering gas generators seem to be sustainable as its technology can be modified to suit the users' financial base. Therefore, it is projected that if the human excretal biogas can be adopted, Africa will soon overcome its energy crisis through the doggedness of its standalone users.

scholarly journals Future of Sustainable Management of Energy Companies in Terms of Attitudes and Preferences of the Younger Generation

Energies ◽  
2021 ◽  
Vol 14 (11) ◽  
pp. 3207
Author(s):  
Arnold Pabian ◽  
Katarzyna Bilińska-Reformat ◽  
Barbara Pabian
Keyword(s):  
Young People ◽  
Sustainable Management ◽  
Energy Sector ◽  
Social Activities ◽  
Social Attitude ◽  
Future Activity ◽  
The Future ◽  
Younger Generation ◽  
Energy Companies ◽  
High Degree

The future of the energy sector depends on the younger generation. The paper presents the results of the study, the aim of which was to determine to what extent younger generation is pro-ecological and pro-social, and whether they will include pro-ecological and pro-social activities in the management of energy companies. It is especially important to implement sustainable management in the energy sector. The study found that only 33.9% of young people are highly pro-ecological and 28.6% highly pro-social. As many as 83.0% of the younger generation show low and medium interest in environmental protection. Declarations of young people concerning high degree of inclusion of pro-ecological and pro-social activities in management are at the level of 49.9% and 58.1%. However, in many cases, these intentions do not coincide with the high pro-ecological and pro-social attitude of young people. This means that their future activity for sustainable management may be low. According to the survey, the younger generation to a large extent is not prepared to continue efforts for sustainable development in the future in the energy companies.

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